The Bottom Line: Springpoint Contends with Wage, Insurance Costs as Occupancy Ticks Up

With communities in New Jersey and Delaware, Springpoint Senior Living was at the epicenter of the first wave of Covid-19 last spring — and the challenges came fast and furious. “It was like drinking from a fire hose,” CFO Garrett Midgett told Senior Housing News. Labor costs skyrocketed, and occupancy dropped significantly from mid-March through […]

Transactions & Financings: Pennant Group Expands Credit Facility; Springpoint’s $115M Refinancing

The Pennant Group (Nasdaq: PNTG) gave itself more financial flexibility a year into the coronavirus pandemic. The Eagle, Idaho-based company amended its revolving credit facility to $150 million, of which only $18.3 million was drawn as of February 22. Coupled with strong cash flow, expands Pennant’s ability to opportunistically target senior housing, home health and […]

In the Pipeline: Kendal Expands Pa. Community; Watercrest’s New S.C. Community

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Submissions are currently open. Construction: Planned Long Island Life Plan Community to Expand Jefferson’s Ferry, a life plan community on Long Island, has set its sights […]

Movers & Shakers: Caddis Names New Leadership; Former Elmcroft President Joins myFamilyChannel

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

Transactions & Financings: Midwest Health’s $84M Refinancing; MBK Acquires California Community

KeyBank secures $84M financing for 11-property Midwest Health portfolio. A KeyBank Real Estate Capital team led by Vice President Lee Delaveris secured an $84 financing package through Fannie Mae for an 11-property portfolio consisting of independent living and assisted living facilities owned and operated by Midwest Health. The portfolio comprises 584 units with properties located […]

Movers & Shakers: Welltower Names New CFO; Watercrest’s Regional Director

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

Movers & Shakers: New Springpoint CIO; HRA Names Sales and Marketing VP

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

Movers & Shakers: Maxwell Group’s New President; Springpoint Names VP of Marketing

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

Movers & Shakers: Presbyterian’s Sales and Marketing VP; Benchmark Names Resident Care Director

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

Movers & Shakers: Ryan Companies Names CFO; Mather’s New SVP of Strategic Initiatives

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one year. Visit SHN Jobs today. […]